Description

Takeaway - cafe which is a classical Italian Gelateria utilising simple ingredients and traditional methods for one retail outlet as well as a wholesale business servicing some of the best restaurants in Sydney. They make all the gelato & sorbetto in-house, starting with Australian raw ingredients, fresh fruit, whole nuts and the best milk and cream that can be sourced. Also offering coffee, tea, a selection of cold soft drinks & milkshakes, The premises is also licensed to serve alcohol offering a range of cocktails and amaro. Seating for 14 inside & 4 outside.

Potential

There is a huge potential to grow the wholesale business as it currently has grown organically without a sales person . There is also the potential to roll out more retail stores or even franchise the retail. - Large new wholesale client due to open up in late March 2025.

Features

This is a well established business with a strong local following. - Great location. - Foody destination. - Excellent financials. - Fully integrated ordering & payroll systems to Xero accounting platform. - Long lease & low rent. - Close to transport & many restaurants & bars.

Premises

This business retail space has an area of 80 sq mts that has recently been redecorated plus a production kitchen. Both premises are licensed for the on-site processing of dairy in accordance with the NSW Food Authority, with fully documented Food Safety and Batch Control programs.

Location

Well located in a developing area close to Redfern with a production kitchen in the City Fringe to produce for both wholesale and retail.

Trading Hours

Retail hours: Tuesday to Saturday: 1 pm to 10 pm & Sunday: 1 pm to 8 pm.

Lease

Retail: 3 year + 3 year lease commenced 15 February 2024. 4% inc at end of each 3 yr. - 2 mths bond-. Production Kitchen: 5 yr + 5 yr lease commenced 31 July 2021 - 2.5% annual increases. - 3 mths bond.

Employees

2 owners + 6 casuals

Comments

Please note that the business was operating as 2 stores & 2 companies, however as at the end of June 2024 the City Fringe store was converted to purely a manufacturing facility to service the retail store and the future growth of the wholesale business. The figures being shown are based on the 2024 FY Tax Returns for the 2 companies.

SBX ID

G1800